Japan Economic Index Rises – December-25-2023

In Japan, the Leading Economic Index, measuring future economic trends, rose to 108.9 in October 2023, slightly up from an earlier estimate of 108.7. However, this was still lower than September’s 109.3, marking the lowest since July. This reflects the ongoing fragile state of Japan’s economy, grappling with high inflation domestically and global uncertainties. The economy experienced a 0.7% contraction in the third quarter of 2023, its first in a year. This decline was driven by reduced private and business spending, along with weak trade, all affecting the GDP negatively. Additionally, consumer confidence in October remained close to a six-month low.

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Ethan O. Miller

Ethan O. Miller is a seasoned Forex analyst. His insightful articles offer a unique perspective on currency trends, aiding both novice and experienced traders in navigating the Forex market.

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